Joint Venture Acquires California Facilities
At the end of a busy year of acquisitions, Stacked Stone Ventures announced one more on New Years Eve. The San Clemente, California-based real estate investment firm acquired two skilled nursing facilities in a joint venture with Praxis Capital for $8.25 million, or $43,200 per bed. The facilities feature a total of 191 skilled nursing and assisted living beds. They were added to an existing master lease with Accura Healthcare in Iowa. Oxford Finance helped fund the deal. The transaction caps an active year for Stacked Stone and Praxis, which together acquired 11 skilled nursing facilities, nine assisted living/memory care communities and one CCRC in 2025. The purchases totaled nearly $130... Read More »Receivership Sale of Standalone Memory Care Community Closes
Senior Living Investment Brokerage’s Southeast closings continued with the sale of Westminster Memory Care in Lexington, South Carolina. Built in 2020, the Class-A community features 48 units of memory care and high-end finishes. It is set on 6.3 acres, which provides an opportunity for expansion under new ownership. Also, at the time of the sale, the community was fully stabilized, so an expansion may be a good move. It was developed using bond financing, and the original owner was a Southeast-based developer. But the community was under receivership. The asset received significant interest from buyer groups, and the receiver seller, Trinity Investors, got more than eight qualified... Read More »
CCRCs Near Major Hospital Systems Trade Hands
Evans Senior Investments sold a CCRC portfolio in Delaware. Dubbed Project Port, the deal consisted of three CCRCs in Wilmington: Foulk Living, Millcroft Living and Shipley Living, totaling 238 licensed skilled nursing beds and 279 senior housing units. The campuses are also located near five major hospital systems and are well positioned to capture a dominant share of the regional Medicare market. An institutional owner purchased the assets for $135,000 per bed, and partnered with an East Coast-based operator. Read More »
AL/MC Community Sale Presents Stabilization Opportunity
JLL Capital Markets announced it has arranged the off-market sale of Laguna Estates Senior Living, a 168-unit seniors housing community in Carlsbad, California. Built in phases from 1987 to 1995, the community has a mix of assisted living and memory care units spread over four single-story and three-story buildings. It was just 46% occupied at the time of the deal. The buyer was Sunny Hills Management Company. JLL’s Seniors Housing Capital Markets team representing the seller was led by Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker. Read More »Another Amira Choice Community Sells
The Goodman Group made another seniors housing purchase, acquiring Amira Choice Sarasota in Florida. Built in 2020, this community has 198 units of independent living, assisted living and memory care on 11 acres. It has luxury amenities, including an outdoor heated pool, fitness studio, piano lounges, art studio and gallery, yoga space, a pet park, therapy gym, salon and spa. The seller was United Properties, and the community will be renamed Legends of Sarasota. Brooks Blackmon and Lauren Nagle of Blueprint handled the transaction. In August 2025, Blueprint had also sold the 128-unit Amira Choice Naples to REDICO and American House. Details of that... Read More »Schedule a demo
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